Tag Archives: Benchmarking

Giving Meaning to Measurement

By Netsmart

When it comes to data, the goal is not just to have it, but to make it meaningful. Data tells us not just where we are, but more importantly, where we need to go.

One of the best ways to obtain understanding from data is to benchmark. Benchmarking is the act of comparing a performance measure (metric) to a standard. Organizations can benchmark against their own past performance, or against the performance of a set of regional and nationwide peers to evaluate their financial viability, operational efficiency and clinical effectiveness in the marketplace.  Continue reading Giving Meaning to Measurement

‘Understanding what we are currently doing, a good place to start’

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After delivering a fascinating view on the potential applications of big data and analytics in healthcare at the 2013 Knowledge Network event, Jeff Hammerbacher, who was responsible for conceiving, building and leading the data team at Facebook, and is now leading a team partnered with Mt. Sinai School of Medicine on a project designed to apply the power of Big Data to predicting and understanding the process and treatment of disease, was asked a simple question: What do you think is the biggest opportunity to apply big data in healthcare right now? His reply: Understanding what is currently happening across the healthcare ecosystem would be a good place to start. For a pioneering disruptive thinker like Mr. Hammerbacher to offer such a simple actionable item as his first thought, tells you we have much work to do to harness the opportunity in front of us to make better use of data.

Continue reading ‘Understanding what we are currently doing, a good place to start’

How Big Data Relates to Another Disruptive Technology – The Microscope

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Theme: Disruptive Technology

Big Data is currently one of the most covered topics in technology today.  However, in order to gain perspective on why it dominates discussions of modern IT, science, and business, it actually turns out that we can examine the innovation that opened research to aspects of our world that are not so big.

Erik Brynjolfsonn, MIT Sloan Professor and director of the MIT Center for Digital Business, views Big Data not as a fad but as a “measurement revolution” that is in the process of completely redefining executive leadership and decision making. To understand its impact on our world, he claims, we can look to the 15th century invention of the microscope.

Anton van Leeuwenhoek invented the device and kept technical letters detailing the life forms that he discovered. However, we must keep in mind how truly radical the idea of microorganisms were in such an age. It took time for the scientific establishment of the time to come to terms with the existence of life forms that were too small for the eye to see. However, the ability to view objects at this level eventually became crucial to nearly all of the scientific innovations of the last few hundred years, from medical breakthroughs to microprocessors.

Big Data, of course, operates on the macro-scale. However, it currently gives us the ability to find patterns within the complex workings of our world, too large for us to see, with a level of detail analogous to the microscope. For example, Big Data techniques have been used with demographic data to allocate medical resources for underserved populations that are at-risk for heart ailments.

Like the microscope during its early days, there is a certain incredulity given to the promises of big data. However, the insights that have already been discovered through this field, which is in relative infancy, point to a revolution as great as the one that allowed us to study the smallest of life forms.

Our CarePathways solutions are designed to go beyond the hype of big data, rather providing realization of how benchmarking, analytics and productive modeling can be used beyond just digitizing care.  While we’ve introduced solutions over the past year, much more is before as we collective work together to shape a new model of care and most important the continued evolution of how care is provided.  At our recent westExchange I had the opportunity to speak with many of our clients as they shared their dreams, connecting them to the realities and possibilities of today.  I continue to believe we find ourselves in one of the most exciting times in health care as we build tomorrows solutions today.

Benchmarking, Analytics and the Quest for Enlightenment

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Benchmarking, Analytics and the Quest for Enlightenment

March 4, 2013

In the movie Jerry Maguire, Cuba Gooding Jr. frequently reminded Tom Cruise to “show me the money“. While the physical similarities between Tom Cruise and myself are no doubt apparent, the reason for mentioning this in my blog is to paraphrase Mr. Gooding and say “show me the data“. Continue reading Benchmarking, Analytics and the Quest for Enlightenment